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Sunniva Inc SNNVF

Sunniva Inc. is a Canada-based company. The Company is not engaged in any business.


GREY:SNNVF - Post by User

Comment by NoMansGhoston Sep 27, 2018 9:31pm
253 Views
Post# 28705790

RE:RE:RE:Why the delay?

RE:RE:RE:Why the delay?It is my understanding that in order to sell part or all of the Canadian assets, a spin out would be required. If they do sell all, including the CAD facility and NHS, I assume that money will be pumped into the US side to aggressively pursue further vertical integration in California and other US states.

When the spin out was first announced, Beacon Security Analyst Doug Cooper said, “Such a spin strategy sets the company up for M&A – either for some of its parts to be taken out (i.e., Canada) or for SNN to pursue M&A on its own – especially in the U.S.,” Cooper wrote.  
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